Company Law
This query is : Resolved
04 April 2009
Sir ,
Can some advise in the following case
A Private Ltd company
Authorised capital 10 Lakhs
Paid up capital 8 Lakhs
Can the company receive share capital for More than Rs 2 lakhs ( difference between paid up and authorised capital )
Further can the share application money can be inculded while calculating networth of the company .
With regards
Sandeep
9868705794 ( M)
Can some advise in the following case
A Private Ltd company
Authorised capital 10 Lakhs
Paid up capital 8 Lakhs
Can the company receive share capital for More than Rs 2 lakhs ( difference between paid up and authorised capital )
Further can the share application money can be inculded while calculating networth of the company .
With regards
Sandeep
9868705794 ( M)
04 April 2009
Company can not recieve share capital more then the authorised sh capital. If the excess amount is recieved, it can be treated as share premium amount (After proper documentation in this respect).
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